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Should I Wait to Put Down a Bigger Down Payment?

August 26, 2015 1:51 pm

Should I Wait to Put Down a Bigger Down Payment? | Keeping Current Matters Some experts are advising that first time and move-up buyers wait until they save up 20% before they move forward with their decision to purchase a home. One of the main reasons they suggest waiting is that a buyer must purchase private mortgage insurance if they have less than the 20%. That increases the monthly payment the buyer will be responsible for.